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bring in millions of dollars in tickets for cities and towns across the country. but now drivers are fighting back. filing a massive lawsuit claiming those stoplights don't give them a fair chance. >> if you're timing them too short, then it just becomes a revenue enhancement tool. >> we'll look at this program that cities love and drivers hate, on "cbs this morning." [ woman ] "the levian family have been masters of jewelry design for centuries." ♪ ♪ this levian collection is amazing. maybe it's time to start your own. [ female announcer ] kay jewelers presents today's levian collection... [ gasps ] featuring exclusive levian chocolate diamonds. from the levian family - where the latest in fashion meets fine jewelry. one more reason kay is the number-one jewelry store in america. it's... a work of art? ♪ every kiss begins with kay ♪ ♪ ♪ hungry for the best? it's eb. want to give your family the very best in taste, freshness and nutrition? it's eb. eggland's best. better taste. better nutrition. better eggs. it's eb. ♪ ♪ ♪ ♪ ♪ ♪ [ girl ] d
been down 30%. the outlook below the estimates. david: let's talk about citi unfortunately because they cut so many workers. their stocks taking off. nicole: leading the dow financials really well today. david: we will talk about all the financials coming up but let's take a look at the general indices with the bells ringing on wall street. we got kind of a split decision. you have to remember the negative on the nasdaq is primarily from one stock, apple getting killed pulling down the entire index. when you spent much of a divergence in what is happening on the nasdaq, there is something with one or two stocks in this case a lot of it has to do with what happened to apple and at the end of the day trading down 7%, a huge loss for apple. liz: apple has an 18% waning. if they continue their slide, looking ahead about 1% today, but if apple continues a pretty dramatic slide, watch this etf, you could suffer bigger losses. david: nicole talk about bank of america. seeing a bump topping $10, the first time that's happened since july 2011. whether it is directly related to what happened
police are responsing -- responding. >>> there is a pretty steady rain over parts of the city and also into east bay. we'll take a closer look at it coming up on this last system. second hour of the ktvu channel 2 morning news. >>> good morning, to you. welcome to a brand new day it's wednesday, december 5th i'm dave clark. >> and i'm pam cook. thank you for joining us. steve is here. we've been watching a lot of our live pictures. rain is coming down pretty steady. >> some rain, some no rain at all. things are lighting up. things have been picking up kind of steady around san francisco, and birkly. you can see that line right there. the heaviest looks to be daly city and san francisco. we'll take a closer look at this in five minutes. >>> let's take a live look at the lafayette this is highway 24. you can see traffic moving pretty well there westbound as you make your way to the caldecott tunnel. it is pretty wet out there. we got a lot of puddles. definitely take it easy. this is a look at highway 237. traffic is flowing well in both directions. let's head back to the desk. >>> there
years and a narrow casting example. but the new york city subway used to have posters written spanish advertising a gay, lesbn domestic violence hot line. that's how fine grained it get in new york new york city on the subway pushing welfare programs. it informs and pushes them. >> but getting back to the poverty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives are wrong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these people get off of it and i agree with victoria that we have a welfare industrial complex. and in order to keep these people on food stamps, we got to -- >> and creating a sense of depeppedency from fdr and bill clinton and senators . is is not just republicans and conservatives. >> that is it a valid. if you want to reform welfare to resolve the problems that you are raising. they are valid problems . we will not mix it up by condemning people who need
on monday? should taxpayeyeyeyeye [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. can i still ship a gift in time r christmas? yeah, sure you ca great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i'll send you back to bulls and bears, more headlines just 30 minutes away. >> we showed you the
there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a proce
by the kansas city police show jovan belcher hours before he apparently killed his girlfriend and then himself. the first dash cam video you see here shows police catching to belcher. he was not arrested, and he told police he was going to an apartment to the see a woman. listen to what police told him. >> you live right here? then you need to just go upstairs, dude. >> okay, that's going to be your best bet. >> we're trying to cut you a break here. >> take a look here, second dash cam video from five hours later, officers responding to a second belcher 911 call. he had apparently already killed the mother of his child and shot himself at the chief's kansas city practice facility. listen now to the officers learning who is behind the violence. >> we have a confirmed shooting, it is, i believe, belcher, plays for the chiefs. we have confirmed that, so -- >> well, egypt's president says he has heard the people, and is giving up most of the power he took in a recent decree, but they call the switch a farce. his decision is not retro active, meaning the actions he took since the original decree wi
new york city subway riders in shock. >> the victim here was caught between a train and the station and expired on the scene. >> reporter: police say 58-year-old kesu kahn was shoved in to the path of and oncoming train and was struck and killed. the driver of the train was so distraught, he had to be taken away in a wheelchair. tuesday, police apprehended a suspect for questioning. they believe he's the man seen in a heated argument with the victim on the subway platform before the violent confrontation. to identify the suspect, detectives poured over security video from area stores and took him into custody near the scene of the crime. meanwhile, haun's family and neighbors are grieving. >> feel bad to myself and to the family, you know. it is a tragedy. >> reporter: his wife was seen being comforted by priest and police detective after learning of her husband's tragic death. kirk gregory, nbc news. >>> just a horrible story. well, elsewhere president obama could name his choices for two top cabinet posts in the next two weeks. one of those jobs may very well go to a republican. s
now. part of it is, frankly, anderson, 24/7 news, you make a mistake in this city now and you're toast for days. so, it's all of the above. but it can change. anderson, once people make up their mind, look, we are going to start doing things a little differently, we're going to go back and do some of the things that worked, part of it is generational, perhaps, and maybe with the next generation it will be different. >> i would say on a personal note, i wouldn't sell yourself short. it's good to have people there who know how to compromise, who know how to get things done and who have experience there. so, it's good to talk to you. >> thank you. >> good to talk to you, senator. >> appreciate it. >> follow us @andersoncooper. i'm tweeting about this. >>> a startling report from nbc, syrian military loading chemical weapons into a bomb and awaiting the president assad. we'll talk it over next. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. five days later, i h
or does the company still have room to run? >>> and city, the big slash. knife coming down on 1,000 jobs. the cfo is set to speak about the shake-up right now and we will have the very latest on this very widely held stock which has been moving higher tod today. >>> we have a rally on our hands despite some downward pressure in apple. two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some r
glk350 for $399 a month at your local mercedes-benz dealer. >> >> driving and eating, hey, the a city in south dakota fine people eating behin the wheel. >>charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculous. >> neil: this is one town that won't see cavuto passing through soon. thank you. ben, what do you think of it? >> cooking while driving. (laughter) and i thin setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, because just seemed like-- you can't use your cell phone in a lot of states now because it's huge distracting. >> and texting. >> so, maybe that's the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and you don't have-- >> and fat people have a problem with it. >> and you don't have potato chip crumbsn your lap, ben, when you arrive to see who you're seeing and don't have a sticky steering wheel, i'm done. >> neil: i'm n
. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. tintroducing a revolutionary. it new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. >>> a new report in today's new york post claims kansas city chiefs linebacker jovan belcher spent the night with another woman at her apartment before going home and killing his girlfriend and then himself. >>> next to a shocking video, this out of santa fe, new mexico, it's of a blind student being dragged down a hallway by his teacher. a surveillance camera captured the teacher dragging the student to her room. >>> in kentucky, a heinous kidnappin
in a midwest city with no major rivers or lakes nearby. former republican senator allen simpson has a message, use the tools to sign up people for the can kicks back campaign to avoid the fiscal cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool. >> yes. >> and they need to inspect it. >> counter-terrorism measures in the backyard. you never know. good morning, everyone. getting out the door this morning, it's very cold up in new england. tell you what, the lack of snow is really becoming a slightly alarming especially if you have any interest in snowy weather recreation or skiing or ice skating or maybe you like to go snowmobiling. the northern half of the country is sparse. 7% of the country has snow
tonight. make sure you go to gretawire.com. good night from new york city. y. here's bill. >> laura: the o'reilly factor is on. tonight: >> a royal family tragedy unfolding overseas as the nurse victimized in the kate middleton radio prank is found dead. an apparent suicide. geraldo investigates. >> when it comes to the fiscal cliff, the white house has wasted another week. >> is the president set on driving us over a fiscal cliff unless the g.o.p. caves or can a deal be made? >> our allies no longer trust us or have confidence in us and our adversaries no longer fear us. the president can make bold statements and bold talk but i don't care they care. >> rioting in egypt. civil war in syria. and radical hamas leader is welcomed in gaza. obama's mid ootion policy is in shambles and former vice president dick cheney says the president's failure puts us all in danger. >> gong ma'am style. >> i love this little chubby south korean guy. >> it's the most downloaded video of all time. >> this is the pony, remember chubby checker. >> gangnam style. >> and bill o'reilly sits down with jay leno. we'
degrees in rapid city and seeing temps around 20 to 25 above average and areas of south dakota, 35 degrees above your average, very warm temps there and we still have our problems across parts of the west and the next storm moving into northern california and this one is a very strong one. very significant rain will fall here, some areas eight inches of rain and a lot of the rivers in central california concerned about flooding for today and tonight. and this storm storms by tomorrow, and another one comes in on tuesday, wednesday, lingers a little into thursday and then dry things out and this is the most potent of all and mostly rain, another warm system, but a steady stream of tropical moisture and it will bring light showers throughout parts of the ohio valley, to the great lakes, tonight and this afternoon. and behind it, temps are going to warm up a lot. in fact, today, the temps are extremely warm, across most of the country and pretty much the entire country is above where your average temps are this time of year and tomorrow, we'll see this heat builds further, getting to 61, dlee
the murder/suicide last week involving kansas city chiefs player jovan belcher. >>> and talk about a fish story -- switching gears -- a fisherman in california tells his tale after landing an enormous 459-pound tuna with a rod and reel. it could be a record catch. >> that story coming up. >>> but we're going to start this morning, the life or death mission in afghanistan to snap a american doctor out of the clutches of the taliban. this rescue operation was given the green light because the military really worried that taliban might kill this doctor. abc's mohammad lila is here this morning with new details and it was a risky mission. >> absolutely, dan. as you say, this was a life and death rescue overnight. take a look at this doctor, dr. dilip joseph, seen here in afghanistan, he was working at a remote medical clinic, ran by morning star development, when he and two his afghan colleagues were kidnapped on tuesday. the afghans were quickly released, but the doctor was kept in captivity. but last night, coalition forces made their move, making the decision to go in and rescue dr. joseph
reporting. >>> fans of the kansas city chiefs on the nfl are still in shock today following a tragic murder/suicide this weekend. there was a moment of silence at yesterday's game for victims of domestic violence and chiefs' linebacker jovan belcher. authorities say he shot his girlfriend saturday and then went to arrowhead stadium where he turned the gun on himself. the team's head coach wiped away tears on the sideline yesterday and spoke to reporters. >> i'm choosing not to answer any questions about what i saw yesterday, and i think that you will understand that and hopefully you will respect my wishes on that because it wasn't a pretty sight. our prayers go out to the family of kasandra perkins. they are grieving and we send our condolences. >> belcher's hometown, a vigil was held for the former high school stole. the couple reportedly had argued recently. they leave behind a 3-month-old baby. >>> residents in northern california may finally be getting a break from a series of powerful storms that have saturated the region over the past week. a third storm sunday dumped pounding rain a
for the year. >> what a great event. i live in phillies and friday nights in the city is filled with people and army thought they had it, but 11 straight. >> clayton: come on, army. let's check in with maria in for rick. >> good morning, everyone, we'll see a big shift in the weather pattern we've seen the last several weeks, very mild across the country and temperatures above average and enjoying basically very mild conditions for late fall and also early december, but a reality check is in store for many of us, out west and across portions of the upper midwest and air from canada is going to dip downward and we're seeing the novell. and current temperatures starting to feel the impact. and 21 right now in denver, 8 degrees in rapid city and 30 over in minneapolis and of course the cool air will continue to expand eastward across the plains and further east as we head into basically next week. and high temperatures only 15 for your high over in rapid city and 32 over in minneapolis and 22 degrees in the city of denver and feeling very cold out here. as i mentioned we have snowfall and a la
rock in new york city. >>> the effort to reach a deal on the fiscal cliff is now a two-man operation. president obama and speaker boehner. thank you. nobody else will be in the room. with 24 days before a year-end deadline, "the new york times" says boehner made the request to clear the negotiation room going forward, leaving it up to himself and the president to reach a deal to avoid automatic tax hikes and deep spending cuts. and while the two men may be negotiating privately, yesterday the president took his mess dwrooj the public, visiting a local virginia family as a part of his social media campaign. while sitting around the kitchen table, he told the family he felt optimistic. >> the message that i think we all want to send to members of congress is this is a solvable problem. the senate has already passed a bill that would make sure the middle class taxes do not go up next year by a single dime. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done
, tobin, workers point out it's hard to live on $16,000 year in new york city, which is essentially what they're making. >> well, it's hard to live in new york city on 16,0 a month let me tell you. the bigger issue, this is a new york issue. if you look at the overall economy and overall states we're having stes move to right to work state. less unionization. and so, this is a new york centric prlem. you know, the issue of unions, this happens to be the most unionized labor force in the united states. so it sort of les it self-- they're doing themselves a disservice and if you look at the structure in europe where mcdonald's is very large, le mcdonald's hamburger is a dollar and a half more so that's really added labor costs. >> brenda: gary b, we're the not just talking about fast food, we've seen it at wal-mart, at airports, at the shping ports and they're flexing their muscles. >> absolutely, and they have the backing of the current administration, and i don't dismiss what jonas says that ions are going to these quote, unquote, highly skilled. i remember, i worked in a cardboard box f
and new england as well and in the big town of new york city. too shy ofg. 10 shy in maine . portions of the northern plains. there goes my ride . 50s in dixie land and portions of the gulf coast. i am glad you asked. next map shows you on thursday. almost 60 in kansasy city. temperatures in the cents in texas and gulf coast down through florida. 42 will be the high temperature here in new york city. smeeking of new york city. live on our plasa. we did this last year and they are back again. say hello to reverend rob shank with faith and action. we have a live nativity scene. >> you do. it is the same one that played out in front of the united states can supreme court. we are sending a powerful message to washington d.c. and doing it here in new york. >> steve: what are the thrings. >> how was the reception. >> it was very good. people streamed out of all of the federal buildings and we get idea that supreme court justices get a glimpse of we have stantial rights and that includes faith and freedom of speech and assembly. while this is the real reason for the season, we have to exerci
mercedes-benz dealer. me for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today. the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three.
's tragedy that shocked the kansas city chief. the first dash cam video here shows police talking to belcher after they found him apparently sleeping in his car. he was not arrested and belcher told police he was going to an apartment to see a woman. listen to what police told him in this video released by kansas city police. >> you live right here? then you just need to go upstairs, dude. >> okay, that's going to be your best bet. >> we're trying to cut you a break here. >> now i want you to look at the second dash cam video from just five hours later. officers are responding to a second 911 call and at that moment, belcher had apparently already shot his wife and was on his way to shoot himself in front of his coach and fellow players. >> we do have a confirmed shooting and it is um the believe, belcher who plays with the chiefs. >>> it's the holiday season, but the fiscal gift from washington may end up leaving you with the bill and it could be a biggie. >>> and former south african nelson mandela is still in the hospital, we'll tell you how he's doing. or that printing in color had to co
subjects completely because this is sort of the provocative headline. new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade. >> jim, i wonder if she was flattered by it or thought to herself, i'm on the world stage here. why would i go and become mayor of new york city? >> i mean, everything i've read about sect clinton suggests that she's looking forward to a break at the end of this year. i don't think running for mayor is very conducive to that. it's not my idea of a relaxing time but i may be wrong. >> people are joking that mayor bloomberg looks tired. it's a big job. but the one thing she's been consistent about, she needs to sleep a little. great to see you. jim, thank you as well. >>> meantime, the u.s. navy is denying iran's claim t
that washington smends too much. another story that everyone is talking about. kansas city chief's player who murdered his girlfriend, shot her nine times and killed himself. brad underwood has more from kansas city. good morning, brad. >> good morning, it has been an emotional high and low in the last couple of days in kansas city. they are continuing to learn more about the events leading up with the incident with javon and his girlfriend casandra perkins and what will happen to zoe. javon's mother the raise the three month old in long island. funeral arrangements haven't been made for casandra or javon. the first thing out of the head coach's mouth. thoughts and prayers going out to both families. javon a starter of the kansas city chiefs and his girlfriend was active in the organization as well and finding out more about the head injuries. stemming from a argument that happened friday night as casandra came home late from a concert. he shot her four times and then came here and took his life . continuing what will happen in the next coming days. they have not made funeral arrangements for
:00 in new york city. this is "the five." ♪ ♪ brand new details in the murder-suicide of n.f.l. star jovan belcher and cassandra perkins. the kansas city star and the "new york post" report that belcher spent the night drinking and partying with a girl named britney glass, at a popular bar district in downtown kansas city. belcher drove miss glass home, dropped her off and passed out in misbentley. 2:50 a.m., cops woke belcher up and told him not to drive. he called glass apt spent the next four hours in her apartment. at 6:45 a.m., he drove the bentley to his home where girlfriend perkins recently arrived with her own night out with friends. argument ensued and belcher shot perkins nine times. belcher's mother and baby were there for the shooting. after killing perkins, belcher kissed the lifeless body, walk toed his mother, kissed his baby girl and left. he drove five miles to the chiefs' practice field after several minutes of pleading with him, they couldn't talk belcher off the ledge. belcher thanked the coaches, knelt down beside a car, made a sign of a cross and put a shot to his fa
on in the northeast, new york city and into the boston area, we will see a couple of rain showers later on today. lynn? >> all right, dylan, thanks so much. >>> coming up, the big business of those obnoxiously ugly christmas sweaters. plus, new job numbers are out this morning. and we've got some shocking, new details about that horrific garment factory fire in bangladesh that killed 112 people. you're watching "first look" on msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. al
by jason whitlock who was in kansas city for a long time now is on the fox sports web site in which he mentioned, i think credit continuably, credibly a gun culture in this country. plays itself in many ways it's about and toward guns that almost always leads to tragedy rather than safety. >> bill: we will get to that in a moment. i want to clear this gun control thing up because that's why got in trouble because some people felt. >> yeah. >> bill: this is a very emotional issue and i'm sure you know that. >> of course it is. >> mr. whitlock is really far out. >> there i'm not agreeing. >> bill: i know. when you associate. >> with whom. >> bill: when you associate yourself with a guy like who is that far out there. >> i was unaware of the remarks he made about the nra and the kkk i'm not sure the time line whether they postdated or predated. obviously i would disagree with them a hundred percent. >> i get it. mild scolding compared to what i have received over the last 72 hours. >> bill: as long as you call a christmas tree a christmas tree you are okay here. >> merry christmas to you
in the state of the california. vicki is right. government services are starting to get cut in cities in calirnia . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is it a problem with pensions . they are underfunded and we need to do something about it and the big thing here dav, let's be fair and they are benefits that a promised to the employees and we nide to make them whole and they were promed in llieu of pay. >> mike, no one is talking about taking away what was promised. this was for new employees and going into the future. one of the things this will stop david is the way politicians get taxpayers to sign off on the pensions. only so much in salary and we are going to make up the difference and benefits with investment returns . they don't materialize you get situations like california. in california they are shutting down entire strites. >> i think everyb
the middle east. and information on the murder suicide involving a player for the kansas city chiefs area police releasing the dramatic 911 call as coach is desperately tried to defuse a deadly situation. >> we have a coach and one other employee here. >> we have four guys standing trying to negotiate with him. i haven't made contact. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare so
toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did no
in new york city. i interrupt our program to bring you the following news. cyboergs are among us. new recording that is uncovered the extent to which these artificial entities have taken over our country. right before our eyes, they have been taking over all of our nation's institutions, slowly extending their control over our political, legal, and economic systems with their insatiable appetite for profits and prophets alone. these amoral immortals are decimating the rights of us. they are not criminals but they can live forever. even when they take a death blow, a quick cash infusion can keep them going. you may not notice them yet. soon, they will amass every single asset capable of generating hefty returns. these undead are recreating our civic and political culture in service of politics and policies that serves their voracious desire for capital. >> how do these automatoniic corps corps corpses disguise their altered state. they have taken the place of average companies. >> corporations are people. it goes to people. >> taking human form and speaking in plain english, these corp
, that was from a detroit city council member. detroit runs out of money very soon, this is a call, publicly, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news po
news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if that includes cutting staff. and the need to slim down is not ique to citi; it's indtry- wide. a financial industry runs into huge problems. it happened in the '30s, and it happened in the last five years. when you go through these periods, you go through a lot of change. that industry is now trying to figure out what is the right size of the industry. >> reporter: still, economists say citi's action today is not the start of a new wave of mass layoffs across corporate america. the nation's job market may not be robust, but it's not frozen, either. in fact, today, the payroll firm a.d.p. reported 118,000 new private sector jobs were
saturday, kansas city chiefs jovan belcher murdered his girlfriend and then killed himself just hours earlier, police talked to belcher found passed out in his car. >> how are you doing tonight, man sf. >>. >> reporter: belcher had been drinking. but since he wasn't driving, the police cut him a brack. with no way of knowing what he was about to do. >> crisis in egypt showing no signs of easing this morning despite a major concession by the president morsi. he said that he grab up some of those powers that he recently grabbed. opposition groups are calling for more protests saying he did not go far enough. >>> hugo chavez said that he has cancer and it's returned. he'll head to cuba for a third time. >>> and the college football phenom known as johnny football has earned a new nickname. johnny heisman. johnny manziel, his speech moving his parents to tears. >> i just want to thank you for the encouragement, the love and the patience over the years. grandpa, all the times we used to play in the hallway, i love you with all my heart and to grandma, i'm sorry for all of the things that w
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